External Research

Tuesday
Mar112014

Chartis: Enterprise GRC Solutions 2014: Time for GFRC?

Conventional enterprise governance, risk, and compliance (GRC) processes have been a valuable tool for firms to manage risk through simple, structured controls and processes. However, traditional GRC is inadequate and, as a result of a focus on controls, has failed. Firms need to move beyond traditional GRC.....GFRC – GRC linked to finance – is needed.

The report covers the leading vendors offering enterprise GRC solutions, including... ClusterSeven ...

Click here to read the summary (full document requires purchase)...

Wednesday
Jan082014

Chartis: RiskTech100 2014

The RiskTech100® comprises the world’s most significant companies in the risk technology sector. This report is acknowledged globally as the most comprehensive and prestigious study of risk technology vendors.

The report covers the leading vendors offering risk management technology solutions including ClusterSeven

Click here to read the summary (full document requires registration)...

Monday
Nov182013

Twenty Principles for Good Spreadsheet Practice - Institute of Chartered Accountants for England & Wales

There have been countless posts on IT Counts and the Excel Community about the risks of poorly designed spreadsheets and the time that can be wasted by inefficient use of spreadsheets. The IT Faculty of the Institute of Chartered Accountants of England & Wales is publishing what we hope will be a major contribution towards addressing those problems....

Click here to read the full article ...

And read the consultation paper here

Monday
Jun062011

ITAC Brief - IFRS and Spreadsheets: A High-Risk Combination

Spreadsheets in the IFRS conversion process are highly likely to be in-scope for external auditors. Given the significant risks in using spreadsheets to convert to IFRS, careful planning is required to minimize the exposure to these risks. This paper gives examples of the risks and provides suggestions for their mitigation.


Read the full white paper

Tuesday
Jul202010

Spreadsheets and Solvency II: Financial Services Authority [UK Regulator]

Solvency II will demand a thorough review of data management within the European insurance industry. One of the major issues is the use of spreadsheets as data manipulation vehicles between non-integrated systems. This presentation looks in detail at some of these activities that will need to be understood and controlled.


View the presentation

Thursday
Jun032010

Microsoft Sponsored Study on the Control of Spreadsheets in Capital Markets

Top analyst research confirms ClusterSeven as market leader, based on 65 responses from a broad range of capital markets organizations.

Read the full white paper
Wednesday
May262010

Protiviti Spreadsheet Risk Management FAQs

Spreadsheets are everywhere. They enable us to quickly and flexibly perform analysis that otherwise would be difficult or time-consuming. As a result, we tend to place undue trust in the integrity of the analysis spreadsheets make. This White Paper will provide the reader with guidance, based on years of experience, on managing spreadsheet risk.

Read the full white paper

Wednesday
May262010

A Regulator's View on Spreadsheet Usage and Control

This presentation explores the uses and abuses of spreadsheets within the financial services community. It summarizes the controls that the FSA [UK Financial Services Regulator] expects to see in well governed institutions.


View the presentation

Monday
May242010

Deloitte: Spreadsheet Management: Not What You Figured

Implementation of SMS [spreadsheet management systems] can be a critical process in risk management controls for compliance and security.

Read the full white paper
Monday
May242010

Bloor: Spreadsheet Management Maturity Model

Enterprise spreadsheet management is not about collecting more and more data about spreadsheets but about implementing better business processes. In other words: seeking out real business benefits beyond the simple management and control of the spreadsheet environment

Click here to read the full article; free registration required

Monday
May242010

Bloor: Spreadsheet Governance, Risk and Compliance - A Market Update

One major energy company comments that an attempt to base a decision on a written proposal process was "a complete waste of time". The recommendation is to talk to the vendors. Get your hands on technology and test it on your spreadsheets in your processes.

Click here to read the full article; free registration required
Monday
May032010

PwC: The Use of Spreadsheets: Considerations for Section 404 of the Sarbanes Oxley Act

One of the earliest papers on spreadsheet control. While technology has moved on a long way since this paper was written, it is still a common starting point for spreadsheet control under a wide variety of regulations.

Read the full white paper